Document background
The Lease Rental Bond Policy serves as a modern alternative to traditional cash deposits in the UK rental market. Under the jurisdiction of England and Wales, this document is particularly relevant when tenants prefer not to lock up large sums in security deposits, or when landlords seek additional security beyond standard deposits. The policy provides comprehensive coverage for landlords while offering tenants a more affordable option through premium payments. It includes specific terms for claims, coverage limits, and payment procedures, all while ensuring compliance with the Tenant Fees Act 2019 and other relevant legislation.
